NZ Asset Sales Policy Began On Wall Street

One thing not mentioned in this otherwise excellent article is the fact that John Key has most of his paper wealth still in what is easily the most corrupt and hated bank; Bank of America and is as such seriously compromised. By Lewis Verduyn The Key government’s asset sales agenda is derived from the Washington […]

22 Reasons Why We Could See An Economic Collapse In Europe In 2012

Will 2012 be the year that we see an economic collapse in Europe?  Before you dismiss the title of this article as “alarmist”, read the facts listed in the rest of this article first.  Over the past several months, there has been an astonishing loss of confidence in the European financial system.  Right now, virtually […]

Financial Meltdown: The Doublespeak of a Discredited IMF

The international crisis that broke in summer 2008 demolished all the neo-liberal dogmas and exposed the deception behind them. Unable to deny their failure, the World Bank and the International Monetary Fund claim they no longer uphold the set of neo-liberal policies known as the Washington Consensus. Yet, discredited though they may be, these two […]

Too big to fail? 5 biggest banks are ‘dead men walking’

WASHINGTON — America’s five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest financial reports show. Citibank, Bank of America , HSBC Bank USA , Wells Fargo Bank and J.P. Morgan Chase reported that their “current” net […]

How the US Economy Was Lost

How long will Americans permit “their” government to rip them off for the sake of the financial interests that caused the problem? Obama’s cabinet and National Economic Council are filled with representatives of the interest groups that caused the problem. The Obama administration is not a government capable of preventing a catastrophe. Paul Graig Roberts. […]

Sometimes it gets on top of me: the Financial meltdown and assorted Frauds

Marc Faber:”One Day the Price of Gold Will Be Higher than the Dow Jones.” The looming collapse of European banking or how the European banks would like us to bail them out for 16.5 trillion dollars. Stanford depositors swarm banks Who’s behind Madoff? Think Bush and Cheney Charts: Dow Has Just Days to Avoid Big […]

Chief Economist: It’s A Depression

Morici one of first senior analysts to admit U.S. faces 1930’s style collapse Paul Joseph Watson Prison Monday, January 12, 2009 Professor Peter Morici, a former chief economist at the U.S. International Trade Commission, has become one of the first senior economists to admit that the U.S. is facing a 1930’s style depression. Noting […]

We’re below the high-tide mark and a big wave’s coming

When in January 2005 I first wrote about the growing global financial imbalances and their likely consequences I was almost alone in my concerns, but not quite. From early 2004 onwards there was the odd squeak of disquiet, mainly from US writers, and this grew slowly until late 2007 when the markets started to tip and […]

Federal Reserve sets stage for Weimar-style Hyperinflation

The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect […]

The Great Depression of the 21st Century: Collapse of the Real Economy

The financial crisis is deepening, with the risk of seriously disrupting the system of international payments. This crisis is far more serious than the Great Depression. All major sectors of the global economy are affected. Recent reports suggest that the system of Letters of Credit as well as international shipping, which constitute the lifeline of […]

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

Within hours of trading opening in London, sterling was down almost four cents against the greenback to $1.8036 – the biggest intraday decline in 15 years. The news that the Government has taken ownership of the UK’s biggest buy-to-let lender also left banking shares reeling, with HBOS down 8pc, Barclays and Lloyds TSB 7pc lower, […]

Pre-election Militarization of the North American Homeland. US Combat Troops in Iraq repatriated to ” help with civil unrest”

With the coming economic meltdown and the desperate future for the average American citizen if I was Bush, Cheney or one of his banking cronies I would want a big army too when 300 million Americans find out how they have been ripped off and cleaned out. When they are paying for their rich masters […]

Bailout Could Deepen Crisis, CBO Chief Says

The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis. This Story 9 P.M.: Bush Calls Bailout Vital to Economy, Will Meet With McCain and Obama President Puts His Powers of Persuasion to the Test Transcript: President Bush Delivers Remarks on the Financial […]